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Wausau Paper: Stockholm, October 13, 2015

The following excerpt is from the company's SEC filing.

SCA to acquire Wausau Paper Corp., a North American Away-from-Home Tissue company, for USD 513 million in cash

Complementary offerings to provide customers with expanded range of professional hygiene products and services

Businesses will benefit from combined innovation, sales, and logistics capabilities

Enhances SCAs Away-from-Home premium tissue portfolio, extends North American footprint and production capacity

Deal expected to generate annual synergies of approximately USD 40 million

Stockholm, Sweden and Mosinee, Wisconsin October 13, 2015--SCA (NASDAQ OMX Stockholm: SCA), a leading global hygiene and forest products company, and Wausau Paper Corp. (Wausau Paper) (NYSE: WPP), a North American Away-from-Home tissue company, announced today that SCA will acquire Wausau Paper for USD 10.25 per share or total consideration of USD 513 million (approximately SEK 4.2 billion) in cash. The boards of directors of both companies have unanimously approved a definitive merger agreement. The merger consideration represents a premium of 40.6% to Wausau Papers closing price on October 12, 2015 and a premium of 11.2% to the Wausau Paper 52 week volume weighted average price. SCA has funding available.

Wausau Paper is one of the largest Away-from-Home tissue companies in North America. With approximately 900 employees, the company manufactures and markets Away-from-Home towel and tissue products along with soap and dispensing systems through its Artisan

, DublNature®, DublSoft® and EcoSoft® brands. Wausau Paper

s advanced tissue technology with manufacturing flexibility enables it to produce its towels and tissue entirely from recycled paper, which will further contribute to SCA

s efforts to create environmentally-friendly products and extend its sustainability commitment. The combined operations will provide customers with access to a comprehensive portfolio of food service offerings and premium tissue and washroom products. Following completion of the acquisition, SCA will continue to honor Wausau Papers existing customer contracts and programs.

SCA is the world leading supplier of Away-from-Home tissue with the global brand Tork®. The acquisition of Wausau Paper is an excellent strategic fit and strengthens our presence in North America. The Wausau Paper product portfolio complements SCAs offerings in North America and gives us access to premium tissue in that region. We expect the acquisition to generate benefits for SCA and our customers, says Magnus Groth, President and CEO, SCA.

Our Board has undertaken a thorough process to explore all of Wausau Papers options and has determined SCAs offer creates substantial value and is in the best interests of the company and its shareholders. This transaction is a testament to our talented team of employees and the strong, focused company that they have worked to create. Our customers will benefit from expanded products and services from a company that shares similar values around customer service and sustainability, says Michael C. Burandt, Chairman and CEO of Wausau Paper.

Wausau Papers reported sales for the first half year 2015 amounted to USD 175 million (SEK 1.5 billion), EBITDA of USD 32 million (SEK 268 million) and operating profit of USD 11 million (SEK 94 million). Wausau Papers reported sales in 2014 amounted to USD 352 million (SEK 2.4 billion), EBITDA of USD 38 million (SEK 263 million) and operating profit of USD -3 million (SEK -19 million). On a pro forma basis, giving effect to the acquisition, SCAs sales for the full year 2014 would have increased from SEK 104.1 billion to SEK 106.5 billion. Pro forma operating profit for the full year 2014, excluding items affecting comparability, would have been on a similar level and amounted to approximately SEK 11.8 billion.

This acquisition will benefit customers by providing access to the...